(11/28, Mon) btc kept moving sideways on Sunday

in #btc2 years ago

Yesterday(11/27 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $16444, its lowest as $16378, its highest as $16630, its closing as $16422. Bitcoin rose after the start of Saturday, reaching a peak at 06:00, then continued to move sideways, then fell at the end of the day, hitting a low at 23:00 and closing weak flat.

Looking at the 4hr chart, the sideways movement that lasted the past few days was extended for another day, continuing the holiday mood. On the daily chart, it seems that a limited movement within a narrow range predicts a big movement soon.

Bitcoin rose 1.0% weekly with the dominance falling from 40.8 to 40.1 while eth rose 4.5% weekly. With Chairman Powell and the Fed member's comments scheduled this week, it is necessary to pay attention to macro market movements and to bad news coming out of the crypto market.

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